GST Revenue Collection Report for November 2019
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST (CGST) is around Rs 19,592 crore, State GST (SGST) of Rs 27,144 crore, Integrated GST (IGST) of Rs 49,0287 crore including Rs 20,948 crore collected from imports, and Cess is Rs 7,727 crore including Rs 869 crore from imports.
A total of 77.83 lakh GST Returns (GSTR) 3B has been filed in the months of October and November together.
The Gross GST revenue collection has increased by 6% from Rs 97,637 crore in November 2018 to Rs 1,03,492 crore in November 2019.
The November 2019 gross collection is also the highest GST revenue collection since April 2019.
The Gross GST Revenue collection month-wise for the 2019-20 Financial year are:
April Rs 1,13,865 Crore
May Rs 1,00,289 Crore
June Rs 99,939 Crore
July Rs 1,02,083 Crore
August Rs 98,202 Crore
September Rs 91,916 Crore
October Rs 95,380 Crore
November Rs 1,03,492 Crore
Category: Economy & Banking Current Affairs